Natural Gas Services Group, Inc. (NYSE:NGS) Increases Dividend to $0.11 Per Share

Natural Gas Services Group, Inc. (NYSE:NGS) declared a quarterly dividend on Monday, November 10th. Shareholders of record on Thursday, November 20th will be paid a dividend of 0.11 per share by the oil and gas company on Wednesday, December 3rd. This represents a c) dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Thursday, November 20th. This is a 10.0% increase from Natural Gas Services Group’s previous quarterly dividend of $0.10.

Natural Gas Services Group Price Performance

NGS traded down $2.62 during trading on Tuesday, reaching $27.76. The stock had a trading volume of 54,303 shares, compared to its average volume of 70,298. The stock has a 50 day moving average of $27.36 and a two-hundred day moving average of $25.40. The company has a quick ratio of 1.23, a current ratio of 1.97 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $348.10 million, a price-to-earnings ratio of 19.55 and a beta of 0.59. Natural Gas Services Group has a 1-year low of $16.73 and a 1-year high of $30.73.

Natural Gas Services Group (NYSE:NGS) last posted its quarterly earnings data on Monday, November 10th. The oil and gas company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.13. Natural Gas Services Group had a return on equity of 7.21% and a net margin of 10.92%.The company had revenue of $43.40 million for the quarter, compared to the consensus estimate of $43.25 million. As a group, equities analysts anticipate that Natural Gas Services Group will post 1.42 EPS for the current fiscal year.

Insider Activity

In related news, Director Stephen Charles Taylor sold 20,000 shares of Natural Gas Services Group stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $26.25, for a total transaction of $525,000.00. Following the transaction, the director owned 413,334 shares of the company’s stock, valued at $10,850,017.50. This trade represents a 4.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jean K. Holley acquired 4,048 shares of the firm’s stock in a transaction that occurred on Thursday, August 14th. The shares were purchased at an average price of $24.49 per share, with a total value of $99,135.52. Following the acquisition, the director owned 4,048 shares of the company’s stock, valued at approximately $99,135.52. This trade represents a ? increase in their position. The SEC filing for this purchase provides additional information. Insiders have sold a total of 71,252 shares of company stock valued at $1,962,198 over the last 90 days. Corporate insiders own 5.08% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Victory Capital Management Inc. acquired a new stake in Natural Gas Services Group during the 1st quarter valued at $25,000. Steward Partners Investment Advisory LLC grew its stake in Natural Gas Services Group by 105.5% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,424 shares of the oil and gas company’s stock valued at $37,000 after buying an additional 731 shares during the last quarter. New York State Common Retirement Fund raised its holdings in Natural Gas Services Group by 106.7% in the 3rd quarter. New York State Common Retirement Fund now owns 3,100 shares of the oil and gas company’s stock valued at $87,000 after acquiring an additional 1,600 shares during the period. State of Wyoming boosted its holdings in shares of Natural Gas Services Group by 116.0% during the first quarter. State of Wyoming now owns 4,427 shares of the oil and gas company’s stock worth $97,000 after acquiring an additional 2,377 shares during the period. Finally, AlphaQuest LLC bought a new stake in shares of Natural Gas Services Group during the first quarter worth approximately $115,000. 65.62% of the stock is currently owned by institutional investors.

About Natural Gas Services Group

Natural Gas Services Group, Inc provides natural gas compression equipment and services to the energy industry in the United States. It engineers and fabricates, operates, rents, and maintains natural gas compressors for oil and natural gas production and plant facilities. It also designs, fabricates, and assembles compressor units for rental or sale; and designs, manufactures, and sells a line of reciprocating natural gas compressor frames, cylinders, and parts.